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Microcap & Penny Stocks : WTHL - Whitehall Enterprises

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To: link1927 who wrote ()3/18/2000 6:43:00 PM
From: chalu2  Read Replies (1) of 27
 
Whitehall Enterprises Makes a Statement to Market Data Vendors


MIAMI--(BUSINESS WIRE)--March 3, 2000--It has come to the attention of Whitehall Enterprises, Inc. (OTCBB:WTHL), that certain market data vendors are reflecting the Company's trading symbol WTHL as a "pink sheet" issue and in some cases no quote is able to be obtained.

Whitehall Enterprises is currently trading on the OTC Bulletin Board market under the ticker symbol WTHL.

This has lead the investing public to believe the Company is delinquent in its filing status with the Securities and Exchange Commission. The Company is and has been since August of 1999 fully reporting and compliant with the NASD Rule 6530 and last filed its quarterly report on February 23, 2000. For further reference please go to otcbb.com and review the document dated February 24, 2000.

Whitehall Enterprises, Inc. (OTCBB:WTHL) is a growth oriented holding company targeting business acquisitions, which will contribute a diversified asset base for the company. Whitehall Enterprises current business activities include manufacturing of plastic containers for pharmaceutical and healthcare companies, marketing hair growth promotion and hair loss prevention technologies, and e-commerce mortgage banking.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this new release (as well as information included in oral statements or other written statements made or to be made by Whitehall Enterprises, Inc.) contains statements that are forward-looking, such as statements related to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Whitehall Enterprises. For a description of additional risks and uncertainties, please refer to Whitehall Enterprises, Inc.'s filings with the Securities and Exchange Commission, including Forms 10K and 10-Q.

CONTACT:

Investor Relations Services, Inc., New Smyrna Beach, FL

Tom Biggs, 904/409-0200
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